okane

Exactly!!!!! So where is the confusion? Thanks for the post. I read somewhere, and it may have been just an opinion, that the average Iraqi income was about 75,000 IQD per year. If the Iraqi "joe" saves like the average American "joe" then it seems a big stretch to have 5 million in savings.

I second that. We are all in the same boat here, Play nice

still laughing

Oddly enough, if everybody thought as you do ...... this very site would not exist.

Hey TimS, thank you for your comments. You made me wonder, what is the cost of a loaf of bread in Iraq? According to numbeo.com, .84 USD. Based on an article by Steven Coleman written in January 2010, the overall cost of living in Iraq in comparision to 276 countries, 1 being most expensive, Iraq ranked 250. And it ranked 176 in the food department. I struggle at this point to not argue about the Yen example. But we are invested in this adventure as with any stock, buy low, sell high. The cost of a McDouble doesn't change with the price of McDonald's stock. Whether the stock is $3 or $43 a McDouble is still just a dollar and nobody really cares unless you hold that stock because the price of food didn't change. We are invested in the Iraqi stock called Dinar.

Hey Shirleyjune, thank you having a level head and showing some common sense. Funny how people don't realize that money is traded just like stock, even when they are doing it. Z-now is the unknown for me also. I have heard so many different figures on the now vs. then that a reliable source seems impossible to find. If we knew that answer .... take care

Twenty plus years ago I was in Japan for two years. I received money from the states each month for expenses. When I first arrived in Japan the exchange rate was 251Yen / 1USD. Four months into my stay the rate dropped to 140 Yen / 1 USD. That HUGE drop for me and gain for anyone being paid in Yen did not effect the price of bread (or anything else) in Japan. What it did do is increase the buying power of the Yen. At that time you saw the Japanese traveling, buying up properties in the U.S. and everything else American. The cost of living in Japan did not increase based on the world currency market. When we ( collectively) devalued the Dinar, life went on IN country. The currency was traded dinar for dinar, 1.5 for the Swiss dinar and a loaf of bread was still a loaf of bread. But OUT of country everything changed. Before the war the Iraqi people could buy a Dell computer loaded for about 350 IQD today that same priced computer would cost them a million IQD. When the dinar RVs the daily life and the general cost of living for most Iraqi people won't change much. What will change are the choices that they have OUT of country. Travel, foreign products, Dell computers. There will not be a LOP. There will be an RV or RI. The Iraqi upper middle class will flock to Dubai, the average citizen will be able to travel and Dell stock will rise ......... hold on, my crystal ball is getting cloudy.

Thank you for your time and effort on this topic. I'm sure that this weighs almost as heavy on most peoples minds as the RV. Thank you for your time and effort on this topic. I'm sure that this weighs almost as heavy on most peoples minds as the RV.

I learned that from my son when he was 15. We were at Arlington where he saw several young uniformed service men and women and made it a point to approach them, shake their hands and say thank you. He does it every chance he gets, I try to also. His dream was to be a combat medic for the Corp. When the Navy learned that he wanted to go the combat route they introduced him to the Seals. He just postponed a Seal contract to serve a two year Church mission. Yes, I am very proud of him. And you Sir, are welcome

It may have been Adam but I believe reading that the average investor had about 2 mil. Which would fit the idea of, "after taxes I would have a million dollars ( at a $1 RV ) ". How much is enough??? I started out, like your ex, "what would it take to get out of debt and some?". Then what would it take to retire at a $3 RV. Then what would it take to retire at a lower RV. If you have no debt, including house note, how much do you really need? If you have alot then maybe you could help out more people or causes. On I lighter note, I usually don't stand at the urinal and ask, "how big is yours?" just kidding. You are just asking what everybody is wondering. take care

Thank you for your service

My CPA said it would fly if I could find someone like Entrust that deals with self funding and currency investments. I just threw this out if there are investors at that age that could really benefit from this tactic.

I was just thinking if someone was at retirement age .... could you not fund a Roth IRA with Dinar. Ali with Dinar Trade offers it as an option. Pay tax on the pre- RV amount. You could avoid the big hit from the tax man all together. No Capital gains. I'm 20+ years away but I will stick some thing in it for the kids and myself for later.

Maybe because he is relating his PERSONAL experience with an INDIVIDUAL banker at ONE branch who just happens to hold Dinar. Not the whole of Chase which claims 15,000 branches and ATMs cross 23 states.

that would be like chewing gum and walking at the same time ........... for some, it just can't be done

John, I have been where you are now. My divorce taught to be a better parent. I thought I needed to duplicate every toy, bike and video that they had at their Mom's. I became a Disney Land dad. At the end of a year I asked my three and her one, that I had adopted, what was the one thing that they wanted to do again or couldn't do without? In unison, Blueberry picking! Two hours and $5.50. They only want is time with Dad and the unique experiences that only you can provide. About the Dinar ..... buy 1 million today. And quit stressing about it. It will RV sooner or later. If it goes bust get back in touch with me and I'll cover your loss, at today's rate, on that first mil. Do not reserve and let it go. But buy 1 mil today and bust your butt to make up the money. Put your head down and ears back. Don't forget to pray WITH your daughter Take care